MI SB0242

Expands business improvement zone eligibility to urban townships (defined as townships with 17,000+ population in counties with 600,000-800,000 residents), not just cities and villages.

Increases petition signature requirement for townships to 50% of property owners (from 30% for cities/villages) and allows signature weighting based on property taxable value.

Updates statutory references from "city or village" to "local governmental unit" throughout the chapter to accommodate township participation in business improvement zones.

Corrects statutory citation reference from MCL 211.1 to 211.157 to MCL 211.1 to 211.155 in the general property tax act definition sections.

Maintains existing governance structure requiring zone plan approval by property owners (60% weighted vote) and local governmental unit governing body, with 7-year authorization periods and renewal options.